This compound is primarily utilized in the pharmaceutical and agrochemical industries due to its unique trifluoromethyl group, which enhances biological activity and stability. In pharmaceuticals, it serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological disorders and cancer. Its structure allows for the development of compounds with improved efficacy and selectivity. In agrochemicals, it is used to create advanced pesticides and herbicides that offer higher potency and lower environmental impact. Additionally, its cyclopropane ring contributes to the rigidity of molecules, making it valuable in designing compounds with specific three-dimensional shapes for targeted applications.